Fed's Waller (voter) says gotten persistently better and stronger job reports; see no reason to ever be in a scarce reserves regime

AI: AI may be affecting financial conditions. If AI were to pop or pull back would see pretty big changes in financial conditions. Balance Sheet: If can figure out way that banks don't need as much reserves, no problem with shrinking balance sheet accordingly. Lot of dispute how much you can shrink balance sheet on reserve demand alone. Task force will think about how seriously  can think about reducing balance sheet. Have a hard time seeing where balance sheet at current size is causing problems. Forward Guidance:Now is not the time to use forward guidance.